Assetmark Inc. Has $578,000 Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Assetmark Inc. lifted its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD – Get Rating) by 7.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,505 shares of the company’s stock after purchasing an additional 244 shares during the period. Assetmark Inc.’s holdings in CrowdStrike were worth $578,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Kingfisher Capital LLC increased its holdings in shares of CrowdStrike by 2.3% in the third quarter. Kingfisher Capital LLC now owns 20,408 shares of the company’s stock valued at $3,363,000 after purchasing an additional 456 shares in the last quarter. Synergy Financial Group LTD increased its holdings in shares of CrowdStrike by 6.5% in the third quarter. Synergy Financial Group LTD now owns 5,890 shares of the company’s stock valued at $971,000 after purchasing an additional 359 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its holdings in shares of CrowdStrike by 2.9% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 214,358 shares of the company’s stock valued at $35,328,000 after purchasing an additional 6,073 shares in the last quarter. MUFG Americas Holdings Corp increased its holdings in shares of CrowdStrike by 48.3% in the third quarter. MUFG Americas Holdings Corp now owns 215 shares of the company’s stock valued at $35,000 after purchasing an additional 70 shares in the last quarter. Finally, United Capital Management of KS Inc. grew its holdings in CrowdStrike by 1.8% during the 3rd quarter. United Capital Management of KS Inc. now owns 28,900 shares of the company’s stock worth $4,763,000 after acquiring an additional 500 shares during the period. Institutional investors and hedge funds own 65.05% of the company’s stock.

Insider Transactions at CrowdStrike

In other news, insider Shawn Henry sold 7,556 shares of the business’s stock in a transaction dated Wednesday, December 21st. The shares were sold at an average price of $108.90, for a total transaction of $822,848.40. Following the transaction, the insider now directly owns 166,998 shares in the company, valued at approximately $18,186,082.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Shawn Henry sold 7,556 shares of the company’s stock in a transaction dated Wednesday, December 21st. The shares were sold at an average price of $108.90, for a total value of $822,848.40. Following the transaction, the insider now owns 166,998 shares in the company, valued at approximately $18,186,082.20. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CAO Anurag Saha sold 1,165 shares of the company’s stock in a transaction dated Wednesday, December 21st. The shares were sold at an average price of $108.90, for a total transaction of $126,868.50. Following the completion of the transaction, the chief accounting officer now owns 33,301 shares in the company, valued at approximately $3,626,478.90. The disclosure for this sale can be found here. Insiders have sold 109,252 shares of company stock worth $11,807,218 in the last ninety days. Insiders own 6.82% of the company’s stock.

Analyst Upgrades and Downgrades

CRWD has been the subject of a number of analyst reports. Cowen lowered their target price on shares of CrowdStrike from $220.00 to $180.00 and set an “outperform” rating for the company in a report on Wednesday, November 30th. Barclays lowered their target price on shares of CrowdStrike from $180.00 to $155.00 and set an “overweight” rating for the company in a report on Wednesday, November 30th. Macquarie initiated coverage on shares of CrowdStrike in a report on Wednesday, November 2nd. They set an “outperform” rating and a $220.00 target price for the company. Stephens lowered their target price on shares of CrowdStrike from $205.00 to $161.00 and set an “overweight” rating for the company in a report on Wednesday, November 30th. Finally, Cantor Fitzgerald lowered their target price on shares of CrowdStrike from $240.00 to $160.00 in a report on Wednesday, November 30th. Four analysts have rated the stock with a hold rating and thirty-five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $187.68.

CrowdStrike Stock Down 1.1 %

CrowdStrike stock opened at $99.85 on Friday. The firm has a market capitalization of $23.40 billion, a PE ratio of -129.68 and a beta of 1.09. The company’s 50-day moving average is $115.81 and its 200-day moving average is $153.75. CrowdStrike Holdings, Inc. has a fifty-two week low of $92.25 and a fifty-two week high of $242.00. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.76 and a quick ratio of 1.76.

CrowdStrike (NASDAQ:CRWD – Get Rating) last released its quarterly earnings data on Tuesday, November 29th. The company reported ($0.20) earnings per share for the quarter, topping the consensus estimate of ($0.23) by $0.03. The company had revenue of $580.88 million for the quarter, compared to analyst estimates of $574.65 million. CrowdStrike had a negative net margin of 8.73% and a negative return on equity of 11.79%. Sell-side analysts anticipate that CrowdStrike Holdings, Inc. will post -0.55 earnings per share for the current year.

CrowdStrike Company Profile

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CrowdStrike Holdings, Inc provides cybersecurity products and services to stop breaches. It offers cloud-delivered protection across endpoints, cloud workloads, identity and data, and threat intelligence, managed security services, IT operations management, threat hunting, Zero Trust identity protection, and log management.